ICICI Bank junks ranks, scraps executive symbols

In a major HR shift, ICICI Bank has flattened its top management by getting rid of all grades of deputy general manager (GM) and above. Management executives are now known by their role and there are no grade-based benefits. The bank has also got rid of all symbols of hierarchy — no longer can anyone guess an executive’s seniority based on the size of his car or access to the executive dining room.

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